Tax Levy Reduced $250,000

February 17, 2000|By Beckie Kelly.

ITASCA — The Itasca Village Board approved a $250,000 tax abatement for residents and businesses.

This year's abatement, which will take effect at the end of the fiscal year on April 30, is less than the $400,000 the village deducted last year. The money, which was taken from a surplus in the village annual operating budget, will go to help pay down the general obligation bond taken out in late 1998.